Posts by Mark Darwin
Japan Foods warns of loss for 9-month period amid lower revenue, higher expenses – The Business Times
This was mainly due to weak sales in November and December 2024, despite a higher number of operating outlets JAPAN Foods expects to report a loss for its nine months ended Dec 31, 2024, mainly due to lower revenue and higher selling and distribution expenses. In a bourse filing on Friday (Jan 24), the company…
Read MoreChinese EV makers file challenges to tariffs at EU court – The Business Times
CHINESE electric vehicle makers BYD, Geely and SAIC have challenged the EU’s import tariffs at the Court of Justice of the European Union (CJEU), filings on the court’s website showed on Thursday (Jan 23). The EU imposed tariffs on China-made EVs at the end of October after an anti-subsidy investigation, including 17 per cent for…
Read MoreST Engineering Urban Solutions, SP Mobility win tender to deploy public EV charging points – The Business Times
TWO electric vehicle (EV) charging operators won contracts to deploy public EV charging points across Singapore under a tender by the Land Transport Authority’s (LTA) subsidiary EV-Electric Charging (EVe). EVe said on Friday (Jan 24) that it awarded contracts under its second tender to SP Mobility, the mobility arm of SP Group, and ST Engineering…
Read MoreBYD plans to sell plug-in hybrids in Japan – The Business Times
CHINA’S BYD could start selling its first plug-in hybrid vehicle in Japan this year, the company said on Friday (Jan 24), as it aims to expand its lineup in the country to seven or eight models over the next two years or so. The Shenzhen-based automaker also said it will start selling its fourth electric…
Read MoreJack Ma-backed Ant Group unit Anext Bank appoints CEO-designate – The Business Times
Digital wholesale bank Anext Bank, a wholly owned subsidiary of Jack Ma-backed Ant Group’s overseas unit Ant International, welcomed a new chief executive officer on Friday (Jan 24). Deputy chief executive officer and chief technology officer Kai Qiu is now CEO designate, and replaces CEO Toh Su Mei, who is leaving the bank after nearly…
Read MoreAnalysts upgrade Frasers Centrepoint Trust to ‘buy’, citing its high retail portfolio occupancy – The Business Times
ANALYSTS have upgraded Frasers Centrepoint Trust (FCT) to a “buy” rating, citing its high retail portfolio occupancy and ongoing asset enhancement initiatives (AEI) as positive signs for its outlook. The trust posted a 99.5 per cent committed occupancy for its retail portfolio for the first quarter of its financial year ending September 2025, in a…
Read MoreGold set for fourth week of gains amid Trump policy jitters – The Business Times
GOLD prices edged higher and were on track for a fourth straight weekly gain on Friday (Jan 24), as uncertainty about US President Donald Trump’s trade plans took wind out of the US dollar’s sail, boosting demand for the safe-haven asset. Spot gold edged up 0.2 per cent to US$2,760.40 per ounce, as at 0044…
Read MoreCrypto’s richest man CZ turns venture capital firm into giant family office – The Business Times
ZHAO Changpeng “CZ”, a few months out of prison and worth US$70 billion thanks to the relentless crypto rally, is turning the former venture capital arm of his Binance Holdings into a family office. Binance Labs, which oversees about US$10 billion of crypto-related assets, will be renamed YZi Labs, according to a statement on Thursday…
Read MoreMitsubishi Motors considering not joining Nissan-Honda merger, Yomiuri says – The Business Times
MITSUBISHI Motors, a junior partner of Nissan Motor, is considering not joining a planned business merger between Nissan and Honda Motor, sources told Reuters on Friday. Mitsubishi Motors plans to remain listed while continuing its cooperative relationship with both companies, three sources said on condition of anonymity because they were not authorised to speak about…
Read MoreCNN eyes 200 job cuts, streaming overhaul – The Business Times
US NEWS network CNN will shed six per cent of staff, some 200 people, the outlet said on Thursday as it embarks on a major shakeup of staffing and programming amid a deluge of political news. The broadcaster, which said overall employee headcount could remain stable with new roles created, follows other outlets restructuring amid…
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